Hantz Financial Services Inc. Purchases 15,892 Shares of Rio Tinto PLC $RIO

Hantz Financial Services Inc. raised its position in shares of Rio Tinto PLC (NYSE:RIO) by 74.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,199 shares of the mining company’s stock after buying an additional 15,892 shares during the quarter. Hantz Financial Services Inc.’s holdings in Rio Tinto were worth $2,977,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. PFS Partners LLC bought a new stake in shares of Rio Tinto during the 4th quarter valued at about $28,000. Nvest Wealth Strategies Inc. bought a new stake in shares of Rio Tinto during the 4th quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Rio Tinto during the 4th quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Rio Tinto during the 4th quarter valued at about $37,000. Finally, Baillie Gifford & Co. boosted its position in shares of Rio Tinto by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 524 shares of the mining company’s stock valued at $42,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

Rio Tinto Trading Up 2.4%

Shares of NYSE:RIO opened at $106.71 on Wednesday. The business’s 50 day simple moving average is $97.78 and its two-hundred day simple moving average is $88.96. The company has a current ratio of 1.44, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. Rio Tinto PLC has a 52-week low of $55.64 and a 52-week high of $112.58.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RIO shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Rio Tinto in a report on Friday, May 15th. Sanford C. Bernstein increased their price target on Rio Tinto from $82.00 to $83.50 and gave the stock an “outperform” rating in a report on Monday, April 27th. Bank of America lowered shares of Rio Tinto from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Rio Tinto in a research note on Wednesday, May 20th. Finally, Citigroup reissued a “neutral” rating on shares of Rio Tinto in a research note on Tuesday. Four equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, Rio Tinto currently has a consensus rating of “Hold” and a consensus price target of $101.75.

Rio Tinto Company Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.